Topgolf Callaway Brands Corp.

Good Good Golf CEO Matt Kendrick and President Joe Flannery left the company following criticism of a co-branded Callaway ad that was pulled after being condemned as sexist and trivializing violence against women. Co-founder Nahid Giga will serve as interim CEO, while co-founder Garrett Clark remains with the firm. Callaway ended its three-year partnership and Good Good said it will step back from sponsoring a PGA Tour tournament this fall; both companies apologized for the ad. » More on cbsnews.com

Good Good Golf faced major backlash for a co-branded Callaway video showing a male golfer shoving a female golfer, prompting accusations of making light of violence against women. Callaway ended its three-year partnership, pledged $1 million to groups preventing violence against women and apologized, while the PGA Tour said Good Good will not sponsor its Austin event. Good Good acknowledged the mistake, removed the ad and said it will donate campaign proceeds as co-founders apologized publicly. » More on cbsnews.com

Callaway Golf CEO Chip Brewer apologized after an online ad co-created with Good Good Golf showed a male golfer shoving former Division I player Alexis Miestowski when she tried to use his driver. The spot, which was approved by Callaway before posting and has since been pulled, drew criticism for depicting violence against women and prompted some consumers to vow to stop buying Callaway products. Commenters urged donations to the LPGA and domestic violence groups amid wider concerns about the brand's oversight and the industry's push to grow its female golfer base. » More on cbsnews.com

O'Keeffe Stevens Advisory highlights Callaway Golf's improved core business following the announced sale of Topgolf, with Q1 net sales up 9.2%, adjusted EBITDA up 31.1% to $163.7m and gross margin expanding ~260 bps. Management raised its full-year outlook, repurchased 5.6 million shares (~$79m) and settled $258m of convertible notes in cash, leaving the company in a net cash position. The advisory firm says the operational progress and capital returns support further upside despite the stock's recent appreciation. » More on finance.yahoo.com

Callaway stock reached a new 52-week high of $16.66 and is just 0.89% below that level; market capitalization is about $3.02 billion. The share price is up 105.71% year-to-date and 39.34% over six months; three analysts recently raised their earnings estimates. In Q1 2026 Callaway beat expectations with EPS of $0.56 (expectation $0.34) and revenue of $687.5 million (forecast $653.4 million), but InvestinPro points to a potential overvaluation versus fair value. » More on de.investing.com